Nextera Energy Inc (NEE)
Fixed asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 24,781,000 | 24,918,000 | 24,118,000 | 23,718,000 | 23,036,000 | 22,192,000 | 21,192,000 | 19,992,000 | 19,023,000 | 18,232,000 | 17,732,000 | 17,132,000 | 17,020,000 | 17,353,000 | 17,353,000 | 17,753,000 | 17,619,000 | 17,792,000 | 17,010,000 | 16,034,000 |
| Property, plant and equipment | US$ in thousands | 125,776,000 | 120,883,000 | 117,740,000 | 114,929,000 | 111,059,000 | 108,447,000 | 105,393,000 | 101,935,000 | 99,348,000 | 99,141,000 | 96,811,000 | 94,304,000 | 91,803,000 | 88,855,000 | 86,326,000 | 83,873,000 | 82,010,000 | 78,995,000 | 76,136,000 | 74,794,000 |
| Fixed asset turnover | 0.20 | 0.21 | 0.20 | 0.21 | 0.21 | 0.20 | 0.20 | 0.20 | 0.19 | 0.18 | 0.18 | 0.18 | 0.19 | 0.20 | 0.20 | 0.21 | 0.21 | 0.23 | 0.22 | 0.21 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $24,781,000K ÷ $125,776,000K
= 0.20
NextEra Energy Inc's fixed asset turnover has shown a positive trend over the past eight quarters, increasing from 0.16 in Q1 2022 to 0.23 in Q3 2023. This indicates that the company is generating more revenue for each dollar invested in fixed assets. The consistent improvement in fixed asset turnover suggests that NextEra Energy Inc is effectively utilizing its fixed assets to generate sales and may be efficiently managing its operations. However, it is important to note that fixed asset turnover should be analyzed in conjunction with other financial ratios to gain a comprehensive understanding of the company's overall performance.
Peer comparison
Dec 31, 2023